What is Economics?

  Last updated November 7, 2017 at 9:01 am


Economics is commonly described as the study of how societies allocate limited resources to meet their needs and wants. It is about people making choices under conditions of scarcity and uncertainty. It is present in much of what we hear about and do in our daily lives.


Meet some of the Reserve Bank’s economists and learn about what they do.



More from this author

More from this publisher


About the Author

RBA Education
The Reserve Bank's Public Access & Education team provides learning opportunities and educational resources about economics, the economy, and the role of Australia's central bank in our society. Our goal is to strengthen the economics profession and student body.

Published By

The Reserve Bank’s Public Access & Education team provides learning opportunities and educational resources about economics, the economy, and the role of Australia’s central bank in our society. Our goal is to strengthen the economics profession and student body.


Featured Videos